IMF to consider targeted assistance for poor, flood-hit people
The International Monetary Fund (IMF) has indicated its willingness to sympathetically view the targeted assistance for poor and vulnerable, especially flood affected people of Pakistan. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held an online meeting with IMF Mission Chief for Pakistan, Nathan Porter. The two sides discussed the progress made with…
Adil Aziz
UNFPA gets new representative in Pakistan
The United Nations Population Fund (UNFPA) Representative Dr. Luay Shabaneh has officially presented his credentials to the Government of the Islamic Republic of Pakistan. His Excellency, Secretary of the Ministry of Foreign Affairs Mr. Jauhar Saleem received Dr. Shabaneh’s letters of credence. During the meeting, the Honorable secretary and the UNFPA Representative discussed issues of…
Need stressed to curb smuggling, illicit trade in counterfeit products
The Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (UBG) demanded the government that smuggling and illicit trade in counterfeit products needs to be curbed without further delay to protect the organised industry and consumers. Talking to a delegation of industrialists and traders led by Chaudhary Ghulam Mujtaba MD Vital Tea, UBG…
Pakistan’s annual GDP can fall 18-20% by 2050 due to climate change risks: World Bank
Pakistan’s annual Gross Domestic Product (GDP) is at risk of fall by 18 to 20 percent by 2050 due to the combined risks from intensification of climate change and environmental degradation in the country, if the climate change issues are left unaddressed. “The combined risks from the intensification of climate change and environmental degradation, unless…
Film Joyland gets Green Signal for Release
The controversial award-winning film Joyland has just been given the go-light for release on November 18. After receiving full permission from the Central Board of Film Censors (CBFC), the film will be aired with a few alterations. Salman Sufi, head of the Prime Minister’s (PM) Social Reforms Unit, also broke the news on Twitter. Earlier…
International Education Expo to be held on Nov 20
An international education expo will be held on November 20 (Sunday) at the private hotel where students will find opportunities to study abroad in top-ranked universities including Australia, Canada UK, USA and Germany. According to the organizers, students interested in studying abroad would meet the staff for one on one sessions to explore study options…
Pakistan is an ideal destination for U.S. investors and businesses
Pakistan has taken a number of steps to enhance the ease of doing business, Ambassador Masood Khan has told Pakistani-American businessmen in Los Angeles, California, urging them to become part of the country’s economic transformation. “Pakistan is an ideal destination for U.S. investors and businesses due to its unique geo-economic position and impressive demographic cohorts”,…
US launches initiative to enhance U.S-Pakistan bilateral trade
In honor of Global Entrepreneurship Week, U.S. Ambassador Donald Blome, joined by the Minister of State for Finance and Revenue, Dr. Ayesha Ghaus Pasha, formally launched a United States government-led initiative to enhance U.S.- Pakistan bilateral trade. The United States has long been Pakistan’s largest export market, with potential for further growth. According to the…
Minor Damage to Pacific Zircon Oil Tanker Vessel
Eastern Pacific Shipping Pte. Ltd. (EPS) has announced that it is investigating an incident involving its managed product tanker Pacific Zircon. The company noted that preliminary reports indicate the vessel was hit by a projectile approximately 150 miles off the coast of Oman at about 15:30 (UTC +4) on November 15. The tanker was carrying a…
LSM witnesses nominal growth in September
The production of Large-Scale Manufacturing Industries (LSMI) witnessed nominal growth of 0.01 per cent on year-on-year (YoY) basis during the month of September 2022 as compared to the same month of last year. The LSMI index went slightly up from 115.01 points in September 2021 to 115.02 points in September 2022. On a month-on-month basis…